UEM EDGENTA BERHAD
2016 ANNUAL REPORT
I N D E P E N D E N T
to the members of UEM Edgenta Berhad
(Incorporated in Malaysia)
REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS
We have audited the financial statements of UEM Edgenta Berhad, which comprise the statements of financial position as at
31 December 2016 of the Group and of the Company, and the income statements, statements of comprehensive income,
statements of changes in equity and statements of cash flows of the Group and of the Company for the year then ended, and
notes to the financial statements, including a summary of significant accounting policies, as set out on pages 187 to 349.
In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Group and
of the Company as at 31 December 2016, and of their financial performance and their cash flows for the year then ended
in accordance with Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia.
Basis for opinion
We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on
Auditing. Our responsibilities under those standards are further described in the
Auditors’ responsibilities for the audit of the
section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion.
Independence and other ethical responsibilities
We are independent of the Group and of the Company in accordance with the By-Laws (on Professional Ethics, Conduct
and Practice) of the Malaysian Institute of Accountants (“By-Laws”) and the International Ethics Standards Board for
Accountants’ Code of Ethics for Professional Accountants (“IESBA Code”), and we have fulfilled our other ethical
responsibilities in accordance with the By-Laws and the IESBA Code.
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the
financial statements of the Group and of the Company for the current year. These matters were addressed in the context of
our audit of the financial statements of the Group and of the Company as a whole, and in forming our opinion thereon, and
we do not provide a separate opinion on these matters. For each matter below, our description of how our audit addressed
the matter is provided in that context.
We have fulfilled the responsibilities described in the
Auditors’ responsibilities for the audit of the financial statements
of our report, including in relation to these matters. Accordingly, our audit included the performance of procedures designed
to respond to our assessment of the risks of material misstatement of the financial statements. The results of our audit
procedures, including the procedures performed to address the matters below, provide the basis of our audit opinion on
the accompanying financial statements.